Miami Office Tower Sale Closes For $274M
This sale marks a lucrative exit for the sellers, who bought the tower about seven years ago for $248.5 million.
This sale marks a lucrative exit for the sellers, who bought the tower about seven years ago for $248.5 million.
The dining venue will span over 20,000 square feet across three levels of indoor and outdoor space.
Colliers Vice Chair Jonathan Kingsley and Associate Zach Smith collaborated with Jodie Poirier, president of Occupier Services, and Executive Vice Presidents Ian Gilbert and Bob Rosenthal to represent the tenant in the transaction.
Leasing activity in the Brickell submarket remains exceptionally robust in 2025, with over 200,000 square feet leased year-to-date.
ADP’s Miami office will relocate from its current location at 10200 Sunset Drive in Miami.
The deal breaks down to about $603 per square foot.
The activity is comprised of three new leases, three lease renewals, and two expansions, all completed within the past three months with a range of prominent legal and financial service firms.
“These new tenants bring innovative ideas and energy that perfectly complement the spirit of the campus, and we’re honored to support their growth as they help shape Miami’s tech and creative future.”
Among the notable new properties added to the firm’s portfolio are Lennar Corporate Headquarters in Miami, and multiple Stockbridge-owned retail centers in Boca Raton.
Colliers Vice Chair Stephen Rutchik and Vice President Ana Paula represented Mana Properties in the transaction. Tere Blanca and Grant Gassman of Blanca Commercial Real Estate represented the tenant in the long-term renewal.
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